Vector Resources Limited (ASX:VEC) 339g/t Gold Intercept at Gwendolyn

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Sydney, Australia, Dec 4, 2012 - (ABN Newswire) - Vector Resources Limited (ASX:VEC.AX - News) is pleased to announce that it has received further assay results from the drilling of the reverse circulation (RC) programs at the Company's Gwendolyn East Project in Western Australia.

Hole G352 intercepted multiple Au intervals commencing at surface with 3m @ 1.75g/t Au from 0m, followed by 11m @ 49.48g/t Au from 10m inclusive of 1m @ 114.50 g/t from 12m, 1m @ 339 g/t from 13m and 1m @ 62.76 g/t from 13m. Other intercepts were identified at 30m, 34m - 38m, 63m - 66m and 77m down hole.

The single metre assay results received are a combination of extensional, infill and targeted drilling.

Plan View of collar locations of holes with significant gold intercepts greater than 0.8 g/t Au can be seen in Figure 1, at the link below.

Assay results from this drilling, has identified another high grade chute to the south of the historic pit. This intercept was just outside the current indicated mineralisation envelope. The Company is continuing to target the near surface potential in all areas and continues to expand the understanding of the various domains within the mineralisation envelope. These results and geological data received to date will be utilised to refine the geologically controlled resource model.

Drill hole single assay results with significant gold intercepts or values greater than 0.8 g/t Au can be viewed in Table 1, at the link below.

Significant Upside

Gwendolyn has the potential to increase the geological understanding of the current resource, with encouraging fundamentals including:

- High grade intercepts identified in and outside the current mineralisation envelope;

- Targeted exploration has identified another high grade chute; and

- Drilling will continue to target near surface potential.

View the complete Vector Resources announcement including Tables and Figures at the link below:
http://media.abnnewswire.net/media/en/docs/ASX-VEC-617167.pdf

About Vector Resources Limited:

Vector Resources Limited (ASX:VEC.AX - News) is a Western Australian focussed resource company with a corporate vision of acquiring and developing highly prospective resource assets that have the capacity of adding significant shareholder value.

Contact:

 
Vector Resources Limited
T: +61-2-6389-5750
E: contact@vectorresources.com.au
WWW: www.vectorresources.com.au
 

Source:

Vector Resources Limited

Copyright (C) 2012 ABN Newswire. All rights reserved.

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